The government is expanding its flagship housing program by bringing more private developers on board and offering subsidized financing, as it seeks to make homeownership more attainable for Filipino families amid varying budgets and property prices.
The Bases Conversion and Development Authority (BCDA) and Pag-IBIG Fund are teaming up to develop housing and other projects on BCDA-owned properties, starting with about 14 hectares in New Clark City.
Prime Philippines reports office demand softened slightly in the third quarter, with total space rented edging down to 53,200 square meters from 53,300 square meters in the previous three months.
Philippine mall developers are easing off rapid expansion and putting more capital into redevelopments, upgrades and premium lifestyle concepts as changing consumer preferences reshape the retail landscape.
A Senate bill that lowers approval requirements for condominium redevelopment could breathe new life into older residential properties and kickstart urban renewal, especially in Makati’s central business district, according to Leechiu Property Consultants (LPC).